MF Global funds deal for JP Morgan

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JP Morgan Chase has reached a $546m (£360.1m) settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage’s customers. As part of a settlement reached with James Giddens, the trustee who is tasked with liquidating MF Global, JPMorgan will pay $100m that will be made available for distribution to former MF Global customers.